2. In order to further strengthen the AML/CFT regime for Exchange Companies, it has been decided that henceforth, for all foreign currency buy and sell transactions equivalent to USD 500/- or above, Exchange Companies and Exchange Companies of ‘B’ Category shall obtain and retain copies of identification documents i.e. Computerized National Identity Card (CNIC) / National Identity Card for Overseas Pakistanis (NICOP) / Pakistan Origin Card (POC) / Passport (having valid visa on it or any other proof of legal stay of a foreigner in Pakistan).